SPY vs USFE
State Street SPDR S&P 500 ETF Trust vs First Eagle US Equity ETF
Which is better, SPY or USFE?
Large Cap Blend against Large Cap Value.
SPY has a lower expense ratio. USFE is less concentrated, with 37.0% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | USFE |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.45% |
| AUM | $804.7B | $3M |
| Dividend Yield | 0.98% | 0.00% |
| Holdings | 505 | 57 |
| YTD Return | +12.09%Best | +5.78% |
| 1Y Return | +16.29% | - |
| 3Y Return (annualized) | +21.20% | - |
| 5Y Return (annualized) | +13.37% | - |
| Top 10 Weight | 37.8% | 37.0%Best |
| Fund Family | State Street Investment Management | First Eagle Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 22, 1993 | Jan 27, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SPY vs USFE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPY vs USFE Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and First Eagle US Equity ETF (USFE) is an ETF from First Eagle Investments. Year to date, SPY is up 12.09% versus a gain of 5.78% for USFE.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while USFE charges 0.45%. On a $10,000 position that is $9 vs $45 annually, a gap of $36 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.00% for USFE.
Holdings Overlap
16.9% of SPY's money is in holdings USFE also owns. 82.6% of USFE's money is in holdings SPY also owns.
Most of USFE is already inside SPY. Owning both mostly buys the same companies twice.
39 positions in common, counted across the 504 positions we hold weights for in SPY and 53 in USFE, against full books of 505 and 57.
What only one of them owns
Our book lists 9 positions for USFE that do not appear in our book for SPY (10.4% of the fund), and 459 for SPY that do not appear in USFE (82.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SPY | Weight in USFE | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.66% | 1.56% | 4.10% |
| GOOGAlphabet Inc | 2.39% | 4.22% | 1.83% |
| METAMeta Platforms Inc | 1.93% | 3.53% | 1.60% |
| OKEOneok Inc. | 0.09% | 4.93% | 4.84% |
| BDXBecton Dickinson And Co. | 0.08% | 4.82% | 4.74% |
| BKBank Of New York Mellon Corp | 0.17% | 3.59% | 3.42% |
| CRMSalesforce Inc Crm Us Equity | 0.32% | 3.41% | 3.09% |
| ELVElevance Health Inc | 0.13% | 3.42% | 3.29% |
| XOMExxon Mobil Corp. | 1.04% | 2.33% | 1.29% |
| NEMNewmont Corp Common | 0.20% | 3.16% | 2.96% |
82.6% of USFE is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or USFE?
SPY has an expense ratio of 0.09% while USFE charges 0.45%. SPY is the cheaper option, by $36 a year on a $10,000 investment.
What is the holdings overlap between SPY and USFE?
82.6% of USFE's money is in holdings SPY also owns. 82.6% of USFE's is in holdings SPY also owns. They hold 39 positions in common, counted across the 504 positions we hold weights for in SPY and 53 in USFE.
Which pays a higher dividend, SPY or USFE?
SPY yields 0.98% while USFE yields 0.00%, so SPY currently pays the higher dividend yield.
Is USFE better than SPY?
SPY has a lower expense ratio. USFE is less concentrated, with 37.0% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.